The PowerShares Shipping Portfolio ETF is seeing unusually high volume in afternoon trading Tuesday, with over 2.3 million shares traded versus three month average volume of about 88,000. Shares of SEA were off about 0.4% on the day.
Components of that ETF with the highest volume on Tuesday were Seaspan, trading down about 0.2% with over 435,000 shares changing hands so far this session, and Golar LNG, up about 0.4% on volume of over 182,000 shares. Gaslog is the component faring the best Tuesday, up by about 3.6% on the day, while Tsakos Energy Navigation is lagging other components of the PowerShares Shipping Portfolio ETF, trading lower by about 1.5%.
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